property by less than all qualifying executors
Any deed, mortgage or lease duly executed by one or more, but not all,
of the executors or trustees who qualified conveys the full title and
interest of the testator, and is as effective as if all the executors or
trustees who qualified had joined in the execution thereof, when ten
years have elapsed since the recording of such deed, mortgage or lease
in the county where the property affected is situated; saving, however,
the rights of every grantee, mortgagee or lessee, in good faith and for
a valuable consideration, deriving title under an instrument executed by
all the executors or trustees who qualified to the same property or any
part thereof, whose deed, mortgage or lease is duly recorded before such
period of ten years has elapsed.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 1 - Fiduciaries: Powers, Duties and Limitations
11-1.2 - Tax Elections by Personal Representatives
11-1.3 - Power and Duty of Executor Before Probate
11-1.5 - Payment of Testamentary Dispositions or Distributive Shares
11-1.6 - Property Held as Fiduciary to Be Kept Separate
11-1.7 - Limitations on Powers and Immunities of Executors and Testamentary Trustees
11-1.9 - Power of Fiduciary or Custodian to Deposit Securities in a Central Depository
11-1.10 - Power of Fiduciary to Employ a Broker-Dealer as Custodian
11-1.11 - Limited Power of Fiduciary to Amend Trust for Certain Tax Purposes.